Kanoria Chemicals & Industries has received approval to acquire 15.55% shares in Kanoria Africa Textiles, Ethiopia (KATP). KATP is already a subsidiary of the company and the acquisition will allow the company full control of KATP. The Board of Directors of the company in its Meeting held on June 17, 2020 has approved the same.
Kanoria Chemicals & Industries is a leading manufacturer of chemical intermediates in India.